Posts

Posted on

L Brands to Host Virtual Investor Meetings for Bath & Body Works and Victoria’s Secret & Co. on July 19th

COLUMBUS, Ohio, July 16, 2021 (GLOBE NEWSWIRE) — L Brands, Inc. (“L Brands”) (NYSE: LB) announced that it will host virtual investor meetings for Bath & Body Works and Victoria’s Secret & Co. on Monday, July 19, 2021, in advance of the planned August 2021 separation via a tax-free spin-off of the Victoria’s Secret business. Andrew Meslow, CEO of L Brands and Bath & Body Works, and Martin Waters, CEO of Victoria’s Secret & Co., will be joined by members of their senior leadership teams to provide an update on each company’s strategic initiatives, growth plans and drivers of value creation.

The Bath & Body Works investor meeting will begin at 8:30 a.m. Eastern, and the Victoria’s Secret & Co. meeting will begin at 12:30 p.m. Eastern. Each meeting is expected to conclude after approximately two and a half hours.

A live video webcast of the events, along with accompanying slides, will be streamed simultaneously. All interested parties can preregister and access the webcast from the events and presentation section of our website here. Archived replays will be available on LB.com shortly after the conclusion of the live events.


ABOUT L BRANDS:


L Brands, through Bath & Body Works, Victoria’s Secret and PINK, is an international company. The company operates 2,681 company-operated specialty stores in the United States, Canada and Greater China, in more than 700 franchised locations worldwide and through its websites worldwide.


Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or made by our Company or our management involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “planned,” “potential” and any similar expressions may identify forward-looking statements. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this press release or otherwise made by our Company or our management:

  • the spin-off may not be consummated within the anticipated time period or at all;
  • disruption to our business in connection with the proposed spin-off and that we could lose revenue as a result of such disruption;
  • the spin-off may not be tax-free for U.S. federal income tax purposes;
  • a loss of synergies from separating the businesses that could negatively impact the balance sheet, profit margins or earnings of both businesses or that the companies resulting from the spin-off do not realize all of the expected benefits of the spin-off;
  • the combined value of the common stock of the two publicly-traded companies will not be equal to or greater than the value of our common stock had the spin-off not occurred;
  • Victoria’s Secret has no history of operating as an independent company, and its historical combined and unaudited pro forma financial information is not necessarily representative of the results that it would have achieved as an independent, publicly traded company and may not be a reliable indicator of our future results;
  • general economic conditions, consumer confidence, consumer spending patterns and market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises or other major events, or the prospect of these events;
  • the novel coronavirus (COVID-19) global pandemic has had and is expected to continue to have an adverse effect on our business and results of operations;
  • the seasonality of our business;
  • divestitures or other dispositions, including a spin-off of Victoria’s Secret and related operations and contingent liabilities from businesses that we have divested;
  • difficulties arising from turnover in company leadership or other key positions;
  • our ability to attract, develop and retain qualified associates and manage labor-related costs;
  • the dependence on mall traffic and the availability of suitable store locations on appropriate terms;
  • our ability to grow through new store openings and existing store remodels and expansions;
  • our ability to successfully operate and expand internationally and related risks;
  • our independent franchise, license and wholesale partners;
  • our direct channel businesses;
  • our ability to protect our reputation and our brand images;
  • our ability to attract customers with marketing, advertising and promotional programs;
  • our ability to maintain, enforce and protect our trade names, trademarks and patents;
  • the highly competitive nature of the retail industry and the segments in which we operate;
  • consumer acceptance of our products and our ability to manage the life cycle of our brands, keep up with fashion trends, develop new merchandise and launch new product lines successfully;
  • our ability to source, distribute and sell goods and materials on a global basis, including risks related to:
    • political instability, environmental hazards or natural disasters;
    • significant health hazards or pandemics, which could result in closed factories, reduced workforces, scarcity of raw materials, and scrutiny or embargoing of goods produced in infected areas;
    • duties, taxes and other charges;
    • legal and regulatory matters;
    • volatility in currency exchange rates;
    • local business practices and political issues;
    • potential delays or disruptions in shipping and transportation and related pricing impacts;
    • disruption due to labor disputes; and
    • changing expectations regarding product safety due to new legislation;
  • our geographic concentration of vendor and distribution facilities in central Ohio;
  • fluctuations in foreign currency exchange rates;
  • the ability of our vendors to deliver products in a timely manner, meet quality standards and comply with applicable laws and regulations;
  • fluctuations in product input costs;
  • our ability to adequately protect our assets from loss and theft;
  • fluctuations in energy costs;
  • increases in the costs of mailing, paper, printing or other order fulfillment logistics;
  • claims arising from our self-insurance;
  • our and our third-party service providers’ ability to implement and maintain information technology systems and to protect associated data;
  • our ability to maintain the security of customer, associate, third-party and company information;
  • stock price volatility;
  • our ability to pay dividends and related effects;
  • shareholder activism matters;
  • our ability to maintain our credit rating;
  • our ability to service or refinance our debt and maintain compliance with our restrictive covenants;
  • our ability to comply with laws, regulations and technology platform rules or other obligations related to data privacy and security;
  • our ability to comply with regulatory requirements;
  • legal and compliance matters; and
  • tax, trade and other regulatory matters.

We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.

For further information, please contact:

L Brands:  
Investor Relations Media Relations
Amie Preston Brooke Wilson
(614) 415-6704 (614) 415-6042
[email protected] [email protected]



Posted on

Stable Road Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Stable Road Acquisition Corp.

NEW YORK, July 16, 2021 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Stable Road Acquisition Corp. (“Stable Road” or the “Company”) (NASDAQ: SRAC). A class action securities lawsuit has been filed on behalf of investors who purchased Stable Road securities between October 7, 2020 and July 13, 2021, inclusive (the “Class Period”).

On July 13, 2021, the U.S. Securities and Exchange Commission (“SEC”) announced that it had brought charges against Stable Road, a special-purpose acquisition corporation (“SPAC”), Momentus Inc. (“Momentus”) and others in connection with Stable Road’s acquisition of Momentus. Among other things, the SEC has alleged that Stable Road, and its merger target, Momentus, both misled the investing public. Allegedly, Momentus repeatedly told investors that it had “successfully tested” its propulsion technology in space when, in fact, the company’s only in-space test had failed to achieve its primary mission objectives or demonstrate the technology’s commercial viability. Further, the SEC found that Stable Road repeated Momentus’s misleading statements in public filings, while failing to conduct adequate due diligence of Momentus. 

Following this news, Stable Road’s stock price fell $1.22 per share, or 10.27%, to close at $10.66 per share on July 14, 2021.

If you are a member of the proposed Class, you may move the court no later than September 13, 2021 to serve as a lead plaintiff for the purported class. You need not seek to become a lead plaintiff in order to share in any possible recovery. If you would like to discuss the complaint or our investigation, please contact us by emailing [email protected] or by calling 646-315-9003.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this Notice, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 329-8571
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: [email protected]



Posted on

Kiromic BioPharma Provides Update on IND Filings on its Off-the-Shelf, Allogeneic CAR-T for Solid Tumors

Kiromic BioPharma Provides Update on IND Filings on its Off-the-Shelf, Allogeneic CAR-T for Solid Tumors

HOUSTON–(BUSINESS WIRE)–
Kiromic BioPharma, Inc. (Nasdaq: KRBP)

Two INDs were submitted to the FDA in May 2021 for the first-in-human off-the-shelf allogeneic CAR-T for Solid Tumors.

FDA returned with comments on the Company’s allogeneic CAR-T products with respect to:

— Tracing of all reagents used in manufacturing

— Flow chart of manufacturing processes

— Certificate of Analysis (COA) for the Company’s CAR-T products (allogeneic CAR-T)

The company has an FDA response taskforce, staffed with 30 yr industry veterans, working on answering the FDA comments above.

Our CMC processes are rigorous.

Our product is allogeneic gamma delta T cell manufacturing which few companies have mastered.

The company’s timeline for commencement of the dosing of its first in human clinical trial is expected to be tighter but we still plan on delivering in 3Q 2021.

——————————————————

Previous Press Release

June 2, 2021, Kiromic announces the closing of public offering

——————————————————

About Kiromic

Kiromic BioPharma, Inc. (Nasdaq: KRBP) is a target discovery and gene-editing company utilizing a state-of-the-art artificial intelligence (AI) platform focused on unleashing the power of the patient’s own immune system to fight cancer.

Kiromic’s pipeline development is leveraged through the Company’s proprietary target discovery Artificial Intelligence engine called “DIAMOND.” Kiromic’s DIAMOND is big data science meeting target identification, dramatically compressing the man-years and the millions of drug development dollars needed to develop a live drug.

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on our company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s annual report on Form 10-K for the most recently completed fiscal year and subsequent reports filed after the date of the annual report with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and our company undertakes no duty to update such information except as required under applicable law.

Source: Kiromic BioPharma, Inc. (www.kiromic.com)

Investor Relations

[email protected]

Tony Tontat – CFO

(844) 539 – 2873

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: FDA Genetics Clinical Trials Biotechnology Other Health Health Pharmaceutical General Health Oncology

MEDIA:

Logo
Logo
Posted on

Huttig Building Products, Inc. Schedules Second Quarter 2021 Earnings Call

ST. LOUIS, July 16, 2021 (GLOBE NEWSWIRE) — Huttig Building Products (Nasdaq: HBP), one of the nation’s largest wholesale distributors of millwork and specialty building products used principally in new residential construction and home improvement, plans to release its second quarter 2021 financial results on Wednesday, July 28, 2021 after market close. An earnings call with management is scheduled for Thursday, July 29, 2021 at 10:00 a.m. Central Daylight Time.

Participants can listen to the call live via webcast by going to the investor portion of Huttig’s website at http://investor.huttig.com/news-and-events/investor-calendar. Participants can also access the live conference call via telephone at (866) 238-1641 or (213) 660-0927 (international). The conference ID for this call is 7474728.

About Huttig

Huttig, currently in its 137th year of business, is one of the largest domestic distributors of millwork, building materials and wood products used principally in new residential construction and in home improvement, remodeling and repair work. Huttig distributes its products through 25 distribution centers serving 41 states. Huttig’s wholesale distribution centers sell principally to building materials dealers, national buying groups, home centers and industrial users, including makers of manufactured homes.

For more information please contact:

Huttig Building Products
[email protected]



Posted on

F.N.B. Corporation Declares Cash Dividend on Non-Cumulative Perpetual Preferred Stock, Series E

PR Newswire

PITTSBURGH, July 16, 2021 /PRNewswire/ — F.N.B. Corporation (NYSE: FNB) today announced that its Board of Directors declared a quarterly cash dividend of $18.13 per share (equivalent to $0.45325 per depositary share or 1/40th interest per share) on F.N.B. Corporation’s Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: FNB PRE). The dividend is payable on August 15, 2021, to shareholders of record as of the close of business on July 29, 2021.

About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. FNB’s market coverage spans several major metropolitan areas including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina. The Company has total assets of more than $38 billion and nearly 340 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C., and Virginia.

FNB provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network which is led by its largest affiliate, First National Bank of Pennsylvania, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and lease financing. The consumer banking segment provides a full line of consumer banking products and services, including deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. FNB’s wealth management services include asset management, private banking and insurance.

The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol “FNB” and is included in Standard & Poor’s MidCap 400 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation website at www.fnbcorporation.com.

 

 

Cision View original content:https://www.prnewswire.com/news-releases/fnb-corporation-declares-cash-dividend-on-non-cumulative-perpetual-preferred-stock-series-e-301335712.html

SOURCE F.N.B. Corporation

Posted on

J.B. Hunt Publishes Sustainability Report Disclosing ESG Progress in 2020

J.B. Hunt Publishes Sustainability Report Disclosing ESG Progress in 2020

LOWELL, Ark.–(BUSINESS WIRE)–
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, has published a report for its subsidiary J.B. Hunt Transport Inc. detailing the company’s progress in 2020 toward environmental, social, and corporate governance performance. The 2020 Sustainability Report, a first of its kind for the company, highlights many ESG achievements for the year, including:

  • Avoiding an estimated 3.5 million metric tons of CO2e emissions by converting over-the-road loads to intermodal.
  • Helping company drivers avoid an estimated 4.3 million empty miles with J.B. Hunt 360°®, a multimodal digital freight marketplace.
  • Completing its first delivery using a heavy duty class 8 electric vehicle.
  • Adding its fifth employee resource group, PLUS(+), which provides a safe, authentic space for LGBTQIA+ employees and supporters.
  • Celebrating the first five-million-mile safe driver in company history.
  • Persevering through the COVID-19 pandemic and keeping the country’s freight moving.
  • Developing and implementing new technologies that complement J.B. Hunt’s commitment to creating the most efficient transportation network in North America.

“With the expansion of our environmental, social, and governance (ESG) disclosures in this 2020 Sustainability Report, we are taking the next step on our sustainability journey,” added John Roberts, president and CEO of J.B. Hunt, in the report. “We are excited about this progress and are proud to be leaders in sustainable transportation, helping to drive the industry toward a low-carbon future.”

Prepared in accordance with the Task Force on Climate-related Financial Disclosures (TCFD), Global Reporting Initiative (GRI), and SASB frameworks, the 2020 Sustainability Report details the company’s commitment to employees, customers, shareholders, vendors and suppliers, and the communities it serves. The report, as well as additional information on J.B. Hunt’s sustainability initiatives, is available on the company’s website.

About J.B. Hunt

J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.

A. Brad Delco

Vice President – Finance & Investor Relations

479.820.2723

[email protected]

KEYWORDS: United States North America Arkansas

INDUSTRY KEYWORDS: LGBTQ+ Trucking Other Consumer Consumer Environment Logistics/Supply Chain Management Transport

MEDIA:

Logo
Logo
Posted on

ADTRAN, Inc. to Release Second Quarter 2021 Earnings on August 4, 2021

ADTRAN, Inc. to Release Second Quarter 2021 Earnings on August 4, 2021

HUNTSVILLE, Ala.–(BUSINESS WIRE)–
ADTRAN, Inc. (NASDAQ: ADTN) announced today that the Company will release its financial results for the second quarter 2021 after market close on Wednesday, August 4, 2021. The Company will conduct a conference call on Thursday, August 5, 2021 to discuss the results for the quarter.

What:

ADTRAN Earnings Call

When:

9:30 a.m. Central Time on Thursday, August 5, 2021

Where:

www.adtran.com/investor

ADTRAN will webcast this conference. To listen, simply visit ADTRAN’s Investor Relations site at www.adtran.com/investor approximately 10 minutes prior to the start of the call, click on the event “ADTRAN to release 2nd Quarter 2021 Financial Results and Conference Call,” and click on the Webcast link. An online replay of the conference call, as well as the transcript of the call, will be available on the Investor Relations site shortly following the call and will remain available for at least 12 months.

At ADTRAN, Inc., we believe amazing things happen when people connect. From the cloud edge to the subscriber edge, we help communications service providers around the world manage and scale services that connect people, places and things to advance human progress. Whether rural or urban, domestic or international, telco or cable, enterprise or residential—ADTRAN solutions optimize existing technology infrastructures and create new, multi-gigabit platforms that leverage cloud economics, data analytics, machine learning and open ecosystems—the future of global networking. Find more at ADTRAN, LinkedIn and Twitter.

Investor Services/Assistance:

Rhonda Lambert/256-963-7450

[email protected]

KEYWORDS: United States North America Alabama

INDUSTRY KEYWORDS: Data Management Technology Telecommunications Software Networks Hardware

MEDIA:

Posted on

CannTrust Announces Court Approval of Plan of Compromise, Arrangement and Reorganization

PR Newswire

VAUGHAN, ON, July 16, 2021 /PRNewswire/ – CannTrust Holdings Inc. (“CannTrust” or the “Company”) (unlisted) announced today that its Fourth Amended & Restated Plan of Compromise, Arrangement and Reorganization dated July 7, 2021 (the “CCAA Plan”) was sanctioned by the Ontario Superior Court of Justice (the “Court”) in connection with the Company’s restructuring proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”).

Implementation of the CCAA Plan remains subject to a number of conditions, including the U.S. Approval Order being entered in the U.S. Class Action and the expiration of applicable appeal periods. CannTrust expects the conditions to be satisfied and implementation of the plan to occur in three to five months, or in the fourth quarter of 2021.

“Having the CCAA Plan sanctioned is another significant milestone in our CCAA journey and we are pleased to have made progress towards plan implementation.” said Greg Guyatt, Chief Executive Officer at CannTrust. “While we are eager to complete the plan implementation, our operational focus continues to be on surprising and delighting our consumers with quality products for those who want and need them.”

As previously disclosed, CannTrust anticipates announcing the engagement of a replacement independent auditor during the third quarter of 2021 and has initiated discussions with the Ontario Securities Commission (the “OSC”) about proposing a plan and timetable for curing the Company’s historical disclosure defaults. Following the engagement of a replacement auditor, the Company anticipates submitting an application to the OSC for a discretionary order revoking the OSC’s cease-trade order dated April 13, 2020 and seeking a new listing for CannTrust’s common shares on a Canadian stock exchange. Although those discussions remain at a preliminary stage, CannTrust is working towards the completion, filing and mailing of its audited financial statements for 2020 and 2021 during the second quarter of 2022. Resolving CannTrust’s historical disclosure defaults will require a considerable amount of management time and expense and there can be no assurance that the Company will be successful in obtaining an order from the OSC or obtaining a listing for CannTrust’s common shares.

CannTrust has made progress on its objective to fully restore its operations as a Canadian recreational and medical cannabis producer. In late 2020, CannTrust relaunched two recreational cannabis brands in the Canadian market, liiv and SYNR.G, and introduced a new medical cannabis brand, estora medical in early 2021. Recreational products are now available in six provinces, while medical products are available nationwide. Since relaunch, the company has expanded its product portfolio and now offers vapes and pre-rolls in addition to its dried flower, oil and capsule products. The company continues to remain focused on the future and is planning for additional product launches in the latter half of 2021.

Aspects of the ongoing efforts remain confidential, and the Company is unable to predict with any certainty either their timing or outcome. For more information about CannTrust’s CCAA proceedings, please visit: www.ey.com/ca/canntrust.

About CannTrust

CannTrust is a federally regulated licensed cannabis producer. We are proudly Canadian, operating a portfolio of brands including estora, Liiv and Synr.g, specifically designed to surprise and delight patients and consumers.

At CannTrust, we are committed to providing an exceptional customer experience, as well as consistent and quality products through standardized processes. Our greenhouse produces Grade A cannabis flower, with products currently being sold in dried flower, pre-roll, vape, oil drops and capsule formats. Founded in 2013, our continued success in the medical cannabis market and subsequent expansion into the recreational business, led to us being named Licensed Producer of the Year at the Canadian Cannabis Awards 2018.  

CannTrust is committed to research and innovation, investing in developing technologies for new products in the medical, recreational, and wellness markets, while contributing to the growing body of evidence-based research regarding the use and efficacy of cannabis.

Learn more at www.canntrust.com.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of Canadian Securities laws and “forward-looking statements” within the meaning of the United StatesPrivate Securities Litigation Reform Act of 1995 and other applicable United States safe harbor laws, and such statements are based upon CannTrust’s current internal expectations, estimates, projections, assumptions and beliefs and views of future events.

Forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expect”, “likely”, “may”, “will”, “should”, “intend”, “anticipate”, “potential”, “proposed”, “estimate” and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions “may”, “would” or “will” happen, or by discussions of strategy.

The forward-looking information and statements in this news release include statements relating to the expectation that the U.S. Approval Order will be entered into the U.S. Class Action, appeals will not be brought forward during the applicable appeal periods, the CCAA Plan will be successfully implemented in three to five months or in the fourth quarter of 2021, CannTrust will announce a successor auditor during the third quarter of 2021, obtain a discretionary order revoking the cease-trade order and obtain a stock exchange listing for its common shares. Forward-looking information and statements necessarily involve known and unknown risks, including, without limitation: the outcome of the Company’s contingent liabilities; the impact of any regulatory and other investigations; the Company’s ongoing review of strategic and financing alternatives; risks associated with general economic conditions; adverse industry events; loss of markets; future legislative and regulatory developments in Canada, the United States and elsewhere; the state of the cannabis industry in Canada generally; the willingness of a public accounting firm to accept an engagement as the Company’s independent auditor; CannTrust’s ability to timely cure its disclosure defaults and obtain an order revoking the OSC’s cease-trade order; the willingness of a stock exchange to list the Company’s common shares and CannTrust’s ability to satisfy the requirements of such exchange; and, the ability of CannTrust to successfully implement its business strategies.

Any forward-looking information and statements speak only as of the date on which they are made, and, except as required by law, CannTrust does not undertake any obligation to update or revise any forward-looking information or statements, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for CannTrust to predict all such factors. When considering these forward-looking information and statements, readers should keep in mind the risk factors and other cautionary statements in CannTrust’s Annual Information Form dated March 28, 2019 (the “AIF”) and filed with the applicable Canadian securities regulatory authorities on SEDAR at www.sedar.com and filed as an exhibit CannTrust’s Form 40-F annual report under the United States Securities Exchange Act of 1934, as amended, with the United States Securities and Exchange Commission on EDGAR at www.sec.gov (the “March 2019 Form 40-F”). The risk factors and other factors noted in the AIF could cause actual events or results to differ materially from those described in any forward-looking information or statements. Readers are also reminded that CannTrust remains in default of its periodic disclosure requirements under applicable securities laws and stock exchange requirements, that its most recent AIF, Form 40-F and other disclosures do not reflect all risk factors that currently face the Company, and that the Company has not completed or filed the restatements of the financial statements included in the AIF or the March 2019 Form 40-F or otherwise filed an amendment to such Form 40-F, and that the Company has determined not to correct its prior filings or make any further filings in respect of periodic disclosure requirements under applicable securities laws and stock exchange requirements. None of the Company’s securities is listed for trading on any stock exchange in any jurisdiction and, in Canada, trading in the Company’s securities is subject to a cease-trade order issued on April 13, 2020 by the Ontario Securities Commission for CannTrust’s failure to comply with its disclosure obligations under applicable securities laws.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/canntrust-announces-court-approval-of-plan-of-compromise-arrangement-and-reorganization-301335755.html

SOURCE CannTrust Holdings Inc.

Posted on

Inspira Technologies OXY B.H.N. Ltd Announces Closing of Initial Public Offering

PR Newswire

RA’ANANA, Israel, July 16, 2021 /PRNewswire/ — Inspira Technologies OXY B.H.N. Ltd (the “Company”), a specialty medical device company engaged in the research, development, manufacture, and marketing of proprietary respiratory support technology, today announced the closing of its initial public offering of 2,909,091 units at a public offering price of $5.51 per unit, each consisting of one ordinary share and one warrant to purchase one ordinary share, with an initial exercise price of $5.50 per share. In addition, the Company has granted Aegis Capital Corp. a 45-day option to purchase up to 436,363 additional ordinary shares and/or 436,363 warrants to purchase 436,363 ordinary shares at the public offering price to cover over-allotments, if any. The underwriter partially exercised its over-allotment option with respect to 436,363 warrants to purchase ordinary shares. At the closing, the Company issued an aggregate of 2,909,091 ordinary shares and 3,345,454 warrants to purchase ordinary shares. The gross proceeds of the offering were approximately $16 million before deducting underwriting discounts, commissions and offering expenses.

Inspira Technologies Logo

The ordinary shares and warrants are trading on The Nasdaq Capital Market under the symbols “IINN” and “IINNW”, respectively.

Aegis Capital Corp. acted as the sole book-running manager for the offering.

A registration statement on Form F-1 relating to the ordinary shares and warrants being sold in this offering was declared effective by the Securities and Exchange Commission (the “SEC”) on July 13, 2021. The offering was made only by means of a prospectus. Copies of the final prospectus are available on the SEC’s website, www.sec.gov, or by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th Floor, New York, NY 10019, by email at [email protected], or by telephone at (212) 813-1010.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Inspira Technologies OXY B.H.N. Ltd.

Inspira Technologies is an innovative medical technology company in the respiratory treatment arena. The Company has developed a breakthrough Augmented Respiration Technology, which it believes will elevate and stabilize patient oxygen saturation levels. The Company’s ART technology potentially allows patients to remain awake during treatment while minimizing the use of the highly invasive, risky and costly mechanical ventilation systems that require medically induced coma. The Company’s product has not yet been tested or used in humans and has not been approved by the U.S. Food and Drug Administration (FDA).

For more information, please visit our corporate website: https://inspira-technologies.com/

Forward-Looking Statement Disclaimer

This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. For example, the Company is using forward-looking statements when it discusses the possible offering of additional securities. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s Registration Statement on Form F-1 filed with the SEC, which is available on the SEC’s website, www.sec.gov.

Investor Relations Contact

Miri Segal, Investor Relations, MS-IR LLC, +917-607-8654, [email protected]

Logo – https://mma.prnewswire.com/media/1534811/Inspira_Technologies_Logo.jpg

Cision View original content:https://www.prnewswire.com/news-releases/inspira-technologies-oxy-bhn-ltd-announces-closing-of-initial-public-offering-301335752.html

SOURCE Inspira Technologies

Posted on

More Than 34,000 Homes in Rural Counties of Washington, Oregon, California and Idaho Face Wildfire Threat

Nearly 30% of properties in Asotin–a small Washington county–are at risk of being damaged by currently burning fires

PR Newswire

SEATTLE, July 16, 2021 /PRNewswire/ — (NASDAQ: RDFN) — In total, 34,823 homes in rural counties across Washington, Oregon, California and Idaho are at risk of destruction as wildfires continue to burn, according to data from Redfin (redfin.com), the technology-powered real estate brokerage.

With more than 50 fires currently burning through Western states, many homes are at risk of damage, especially in smaller rural communities.

Properties at risk of being damaged by currently burning fires are those with county property records falling within a 5 miles buffer of active and recent fires reported by the Wildland Fire Interagency Geospatial Services Group, as of July 15, 2021, in California, Idaho, Oregon, and Washington.

Below are the top five counties with the highest percentage of homes currently facing fire risk.


State


County Name


Total Properties Within County


Total Properties


Within County at Risk


Percentage of Properties


at Risk Within the County

WA

Asotin County

7,264

2,159

29.7%

CA

Siskiyou County

15,815

2,259

14.3%

CA

Tulare County

112,859

15,885

14.1%

ID

Idaho County

3,106

278

9%

ID

Clearwater County

2,725

242

8.9%

Last month, Redfin published a report that found one-third of properties in Utah face future high fire risk. That’s a larger share than any other Western U.S. state analyzed by Redfin. Colorado and Idaho came in second and third place, with 19% and 14.4% of properties at high risk, respectively. Less than 10% of homes in the following states have high risk: Oregon, Nevada, California, Washington and Arizona.

Properties at high risk of being damaged by future burning fires come from matching fire-risk scores (provided by ClimateCheck) with county records for eight of the 11 states in the contiguous U.S. West. Redfin classifies a property as having a future high fire-risk when it faces a high, very high, or extreme fire-risk score. ClimateCheck data is as of March 31, 2021. The value of homes at risk is the sum of the Redfin Estimates of the homes’ market values as of June 25, 2021. For the county tables below, Redfin shows only those counties with at least 150 properties with high fire risk, and also dollar values of homes facing high fire risk for those counties where Redfin Estimates has coverage.


Oregon: Counties With Highest Share of Homes at Future Risk


Share of homes facing high fire risk


Dollar value of homes facing high fire risk


Number of homes facing high fire risk

Gilliam County

92.8%

N/A

722

Harney County

88.6%

N/A

1,565

Wheeler County

85.5%

N/A

359

Jefferson County

70.5%

$543,219,498

1,357

Klamath County

64.2%

$3,929,387,237

16,655


Idaho: Counties With Highest Share of Homes at Future Risk


Share of homes facing high fire risk


Dollar value of homes facing high fire risk


Number of homes facing high fire risk

Boise County

98.8%

N/A

942

Bear Lake County

97.5%

N/A

1,669

Adams County

95.4%

N/A

999

Lincoln County

92.1%

N/A

269

Caribou County

88.6%

N/A

1,314


Washington: Counties With Highest Share of Homes at Future Risk


Share of homes facing high fire risk


Dollar value of homes facing high fire risk


Number of homes facing high fire risk

Okanogan County

83.4%

$3,375,584,083

11,063

Ferry County

80.8%

N/A

2,047

Lincoln County

78.1%

$359,328,227

1,874

Douglas County

70.7%

$3,179,555,065

7,447

Spokane County

45.2%

$27,535,450,170

67,113


California: Counties With Highest Share of Homes at Future Risk


Share of homes facing high fire risk


Dollar value of homes facing high fire risk


Number of homes facing high fire risk

Amador County

67.5%

$3,050,032,475

6,850

Mariposa County

59.6%

N/A

2,495

El Dorado County

54.0%

$21,926,527,195

34,300

Calaveras County

53.4%

$6,586,350,212

17,280

Nevada County

45.7%

$19,615,406,228

25,101

About Redfin
Redfin (www.redfin.com) is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. We sell homes for more money and charge half the fee. We also run the country’s #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Since launching in 2006, we’ve saved customers more than $1 billion in commissions. We serve more than 95 markets across the U.S. and Canada and employ over 4,100 people.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email [email protected]. To view Redfin’s press center, click here.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/more-than-34-000-homes-in-rural-counties-of-washington-oregon-california-and-idaho-face-wildfire-threat-301335745.html

SOURCE Redfin